The German parliament voted in favour of a significant fiscal package yesterday, paving the way for increased defence spending and a substantial infrastructure fund, subject to the bill passing through the Bundesrat on Friday. This news was warmly received by investors, helping to drive a solid performance in European markets. In contrast, the US market told a different story, with all three major indices closing lower, largely due to a sell-off in some of the biggest technology stocks and growing investor nervousness ahead of today’s Federal Reserve decision. Meanwhile, the Bank of Japan has already made its move, leaving its key policy rate unchanged at 0.5%. Joining us to provide further insight into the Fed’s decision is Dario Messi, our Head of Fixed Income Research. We are also joined by Mathieu Racheter, Head of Equity Strategy, who shares his thoughts on the shift away from US equities.

00:00 Introduction by Bernadette Anderko (Investment Writing)

00:41 Markets wrap-up by Lucija Caculovic (Investment Writing)

06:35 Bond market update: Dario Messi (Head of Fixed Income Research)

11:44 Equity Strategy update: Mathieu Racheter (Head of Equity Strategy)

16:18 Closing remarks by Bernadette Anderko (Investment Writing)

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